Government Spending in Singapore decreased to 14013.40 SGD Million in the first quarter of 2021 from 14068.80 SGD Million in the fourth quarter of 2020. source: Statistics Singapore

Government Spending in Singapore averaged 5276.92 SGD Million from 1975 until 2021, reaching an all time high of 14291.70 SGD Million in the second quarter of 2020 and a record low of 833.20 SGD Million in the first quarter of 1975. This page provides - Singapore Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Singapore Government Spending - values, historical data and charts - was last updated on August of 2021.

Government Spending in Singapore is expected to be 12432.00 SGD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Singapore to stand at 11299.03 in 12 months time. In the long-term, the Singapore Government Spending is projected to trend around 11299.03 SGD Million in 2022 and 12638.00 SGD Million in 2023, according to our econometric models.

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Singapore Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
14013.40 14068.80 14291.70 833.20 1975 - 2021 SGD Million Quarterly
Constant Prices 2015, SA

Singapore Government Last Previous Highest Lowest Unit
Government Debt to GDP 131.00 126.30 131.00 67.40 percent of GDP [+]
Government Budget -13.90 -0.30 21.23 -13.90 percent of GDP [+]
Government Budget Value 360.50 3193.20 17603.90 -19607.20 SGD Million [+]
Government Spending 14013.40 14068.80 14291.70 833.20 SGD Million [+]
Government Revenues 7732.70 10407.70 24579.90 1664.60 SGD Million [+]
Fiscal Expenditure 7372.20 7214.50 26069.40 2544.20 SGD Million [+]
Credit Rating 100.00 [+]
Military Expenditure 11020.00 10662.00 11020.00 866.00 USD Million [+]
Government Debt 728756.20 704721.40 728756.20 47443.50 SGD Million [+]

Singapore Government Spending
Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.